The Manufacturers Life Insurance Company acquired a new stake in The Real Brokerage Inc. (NASDAQ:REAX – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 35,754 shares of the company’s stock, valued at approximately $145,000.
Other institutional investors have also modified their holdings of the company. National Bank of Canada FI grew its stake in Real Brokerage by 198.8% during the second quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock worth $26,000 after buying an additional 3,975 shares during the period. HBK Sorce Advisory LLC boosted its position in Real Brokerage by 17.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 72,000 shares of the company’s stock worth $225,000 after purchasing an additional 10,500 shares during the period. Searcy Financial Services Inc. ADV acquired a new stake in Real Brokerage in the 1st quarter valued at $37,000. Principal Financial Group Inc. acquired a new stake in Real Brokerage in the 2nd quarter valued at $52,000. Finally, TCI Wealth Advisors Inc. purchased a new position in Real Brokerage in the first quarter valued at about $49,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.
Real Brokerage Price Performance
Real Brokerage stock opened at $5.14 on Friday. The Real Brokerage Inc. has a 12-month low of $1.28 and a 12-month high of $6.75. The company has a market capitalization of $943.73 million, a price-to-earnings ratio of -25.70 and a beta of 1.01. The firm’s fifty day moving average price is $5.76 and its 200 day moving average price is $5.01.
About Real Brokerage
The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.
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